Thanks. Other than Roadway/Yellow merger, are they all gone now? If so, do you know why?
“Thanks. Other than Roadway/Yellow merger, are they all gone now? If so, do you know why?”
Bankruptcies ended the life of most of these firms. High fuel prices, regulation, unions, poor management or some combination of the above were contributing causes. OverNite merged with UPS. Part of the creative destruction of capitalism.
They were replaced with UPS, JB Hunt, Conway, and others. Some big companies, such as Wal-Mart, have their own trucking firms that pick up products at factories or distribution centers and then transport them to Wal-Mart distribution centers and stores. Even highly regulated markets change and evolve over time. The companies that can’t adapt and change in response to the changing needs of customers are driven out of business by market forces. Only government persists in continuing programs and activities that fail or no longer add value.